Tech Giant Nvidia Profits were seen Sliding Down after a Slump in the Cryptocurrencies
Nvidia's share price has decreased by 45%. Analysts anticipate an 18% year-over-year decline in third-quarter sales.
Strong growth in data center chip sales of tech giant Nvidia, which are anticipated to have quadrupled in the next two years amidst the growing uptake of e-commerce and cloud-based applications, has been the only saving grace
The chief executive of Nvidia said on the same conference call that the demand for bitcoin mining has supported the company's product prices.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be risky, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
.png)
